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oligopoly and oligopsony powers in China's dairy sector, and the latter is stronger. The authors then turn to measure these two … both strong oligopoly and oligopsony power, but the latter is stronger than the former. Meanwhile, with the continuous …. Originality/value – This paper is the first to simultaneously test oligopoly and oligopsony power in China's dairy sector. The …
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We develop a macroeconomic framework in which firms are large and have market power with respect to both products and labor. Each firm maximizes a share-weighted average of shareholder utilities, which makes the equilibrium independent of price normalization. In a one-sector economy, if returns...
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